It is non-lapsable fund in the public account for secondary and higher secondary education created in 2017 under the administrative control of MoHRD.
The cess collected under the fund would be utilized in ongoing schemes of MoHRD. However, the Ministry of Human Resources Development can allocate funds for any future programme/scheme of secondary and higher education, based on the requirement, as per prescribed procedure.
Funds under MUSK would only be allocated post utilization of gross budgetary support (GBS).
Now 3% cess on all central taxes (2% for elementary education and 1% for higher secondary education) will be levied.
